Cryptocurrency continues to draw elite talent from the traditional technology industry.
Chad DePue, a former senior director of engineering at Snapchat parent firm Snap Inc., said on Wednesday that he will join Uniswap Labs as vice president of engineering.
DePue has worked in the technology industry since at least 1997, working with firms such as Microsoft and the Whisper App.
He is also a General Partner at the venture capital firm Uncommon Projects.
DePue noted “the unlimited possibilities that lies ahead of us in web3” as a motivating reason in joining the team in a blog post.
“I’ve spent years working with inventors and creators to build developer tools, and I appreciate the challenge of taking products from zero to one.”
“Uniswap is a household name among crypto-natives, but the rest of the culture is just coming to know us,” he wrote.
The hire comes at a time when Uniswap is beginning to grow beyond Ethereum networks and ecosystems.
Uniswap, in contrast to Sushiswap, has only deployed to Optimism, Arbitrum, and, as of December 2021, Polygon.
According to Coingecko data, Uniswap is the largest decentralized exchange by volume, with a 35% market share, however it trails Curve Finance in terms of total value locked ($7.5 billion vs. Curve’s $17.7 billion).
The development company behind Uniswap, Uniswap Labs, is one of many crypto and Web 3 startups rapidly hiring.
The team’s hiring page presently lists 17 available roles, while 53 employees are listed on Linkedin.
In October 2021, the team hired Hari Sevugan, who had previously worked on the presidential campaigns of then-U.S. Senator Barack Obama and current Secretary of Transportation Peter Buttigeig.
Polygon, Dapper Labs, and Aave have joined Uniswap Labs in poaching legacy IT expertise in recent weeks, as part of a trend that many observers have labeled a “brain drain” from Web 2 to Web 3.
Indeed, the crypto hiring market is more competitive than ever before.
Coinbase revealed intentions to hire 2,000 additional staff in 2022 earlier this month.
Alphabet subsidiary Google announced in January that it was employing a team of blockchain experts for its Cloud division in an official blog post.